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The US temporarily authorizes the purchase of Russian oil to contain the rise in prices

For his part, Donald Trump has warned that he has "unparalleled firepower, unlimited ammunition, and time ahead" to deal with the "crazy garbage" that Iran is driving.

WASHINGTON (United States), 12/03/2026.- US President Donald Trump speaks during a Women's History Month event at the White House in Washington, DC, USA, 12 March 2026. EFE/EPA/WILL OLIVER

Donald Trump. Photo: EFE

The United States Treasury Department has announced that it will authorize the oil spill in circulation, which is intended to contain the rise in oil prices caused by the Iranian war. 

Treasury Secretary Scott Bessent has advanced in Account X that hundreds of millions of barrels of oil could enter the market if sanctions on Russia are lifted.

Bessent stated that exemptions from sanctions against Russia will only be in force until 11 April.

This new measure by the Donald Trump administration comes after the barrel of oil has surpassed $100 in the last few hours.

Trump's warning.

For his part, Donald Trump has warned that he has "unparalleled firepower, unlimited ammunition, and time ahead" to deal with the "crazy garbage" that Iran is driving.

"Look what happens to the crazy trash. They've been killing innocent people around the world for 47 years, and now I, the 47th president of the United States, am killing them. What a great honor to do that!" Trump wrote on the social network Truth Social.

Trump has also attacked The New York Times in his message.  Because anyone who reads that "failed" newspaper might think that the United States is not winning the war. "" We are completely destroying Iran's terrorist, military, economic and other regime, "he insisted.

"The Iranian Army has disappeared, its Air Force no longer exists, they have disappeared. We have an unparalleled firepower, unlimited ammunition and time," he added. 

The New York Times published an article this week describing as a "miscalculation" the minimization of the risks that Trump might face from the war against Iran to the energy markets and the price of oil.

 

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Khasab (Oman), 24/06/2025.- Ships in the Strait of Hormuz as seen from Khasab, Musandam Governorate, Oman, 24 June 2025. The Iranian parliament approved a measure to close the Strait of Hormuz following US strikes on three of Iran's key nuclear sites on 22 June 2025. Israel and Iran have been exchanging fire since Israel launched strikes across Iran on 13 June 2025. EFE/EPA/ALI HAIDER
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The Iranian war has caused the loss of 10 million barrels of oil a day and the price of a barrel has surpassed the $100 barrier again this morning

According to the latest report by the International Energy Agency (IEA), the interruption of maritime traffic in the Strait of Hormuz has resulted in a loss of the equivalent of 10 million barrels a day in the markets. The flow of the Strait of Hormuz has been reduced to less than 10% compared to those before the crisis. Indeed, before the crisis, 15 million barrels of crude oil were spent a day, and another 5 million barrels of crude oil from the world's total supply.

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